I admit when I'm wrong. I never thought the price would fall below $1500. It's not as ridiculous as the OP and other posts on the first page saying gold was in a bubble 4 years ago at $1000. When we have a short-term spike, gold is in a bubble. It's a bad investment. When we have a short-term collapse, gold is becoming worthless. It's a bad investment. That's how some people see it.

When you look back at the stock supercycle, stocks collapsed in '87, 89, 90, 94, 97, 98. And every time, people said the bull market is over, but it wasn't until 2000. The gold supercycle began over a decade ago. A 6 month chart showing a collapse doesn't change anything. I'm shocked how cheap gold is currently selling, or how much more of a profit you'll make at the end of this long term cycle.

Gold doesn't pay a dividend, can be subject to 28% tax, mining stocks are the only sensible option and they are subject to market downturns.

Gold took over 30 years to recover from its last slump and only an exceptional, near depression, gave it legs enough to climb in value. It's a very speculative investment at best and even while stocks are sliding, gold is too.

It may well go lower yet....closer to $1k than $1500. But it's all guesswork with metals.

Gold doesn't pay a dividend, can be subject to 28% tax, mining stocks are the only sensible option and they are subject to market downturns.

Gold took over 30 years to recover from its last slump and only an exceptional, near depression, gave it legs enough to climb in value. It's a very speculative investment at best and even while stocks are sliding, gold is too.

It may well go lower yet....closer to $1k than $1500. But it's all guesswork with metals.

It's not my job to convince you gold is a good thing to own during these economically tumultuous times. It will be come a substitute currency as it always has throughout history.

Paul Greg Roberts -
I was the first to point out that the Federal Reserve was rigging all markets, not merely bond prices and interest rates, and that the Fed is rigging the bullion market in order to protect the US dollar’s exchange value, which is threatened by the Fed’s quantitative easing. With the Fed adding to the supply of dollars faster than the demand for dollars is increasing, the price or exchange value of the dollar is set up to fall.

A fall in the dollar’s exchange rate would push up import prices and, thereby, domestic inflation, and the Fed would lose control over interest rates. The bond market would collapse and with it the values of debt-related derivatives on the “banks too big too fail” balance sheets. The financial system would be in turmoil, and panic would reign.

Rapidly rising bullion prices were an indication of loss of confidence in the dollar and were signaling a drop in the dollar’s exchange rate. The Fed used naked shorts in the paper gold market to offset the price effect of a rising demand for bullion possession. Short sales that drive down the price trigger stop-loss orders that automatically lead to individual sales of bullion holdings once their loss limits are reached.

According to Andrew Maguire, on Friday, April 12, the Fed’s agents hit the market with 500 tons of naked shorts. Normally, a short is when an investor thinks the price of a stock or commodity is going to fall. He wants to sell the item in advance of the fall, pocket the money, and then buy the item back after it falls in price, thus making money on the short sale. If he doesn’t have the item, he borrows it from someone who does, putting up cash collateral equal to the current market price. Then he sells the item, waits for it to fall in price, buys it back at the lower price and returns it to the owner who returns his collateral. If enough shorts are sold, the result can be to drive down the market price.

A naked short is when the short seller does not have or borrow the item that he shorts, but sells shorts regardless. In the paper gold market, the participants are betting on gold prices and are content with the monetary payment. Therefore, generally, as participants are not interested in taking delivery of the gold, naked shorts do not need to be covered with the physical metal.

It's not my job to convince you gold is a good thing to own during these economically tumultuous times. It will be come a substitute currency as it always has throughout history.

Paul Greg Roberts -
I was the first to point out that the Federal Reserve was rigging all markets, not merely bond prices and interest rates, and that the Fed is rigging the bullion market in order to protect the US dollar’s exchange value, which is threatened by the Fed’s quantitative easing. With the Fed adding to the supply of dollars faster than the demand for dollars is increasing, the price or exchange value of the dollar is set up to fall.

A fall in the dollar’s exchange rate would push up import prices and, thereby, domestic inflation, and the Fed would lose control over interest rates. The bond market would collapse and with it the values of debt-related derivatives on the “banks too big too fail” balance sheets. The financial system would be in turmoil, and panic would reign.

Rapidly rising bullion prices were an indication of loss of confidence in the dollar and were signaling a drop in the dollar’s exchange rate. The Fed used naked shorts in the paper gold market to offset the price effect of a rising demand for bullion possession. Short sales that drive down the price trigger stop-loss orders that automatically lead to individual sales of bullion holdings once their loss limits are reached.

According to Andrew Maguire, on Friday, April 12, the Fed’s agents hit the market with 500 tons of naked shorts. Normally, a short is when an investor thinks the price of a stock or commodity is going to fall. He wants to sell the item in advance of the fall, pocket the money, and then buy the item back after it falls in price, thus making money on the short sale. If he doesn’t have the item, he borrows it from someone who does, putting up cash collateral equal to the current market price. Then he sells the item, waits for it to fall in price, buys it back at the lower price and returns it to the owner who returns his collateral. If enough shorts are sold, the result can be to drive down the market price.

A naked short is when the short seller does not have or borrow the item that he shorts, but sells shorts regardless. In the paper gold market, the participants are betting on gold prices and are content with the monetary payment. Therefore, generally, as participants are not interested in taking delivery of the gold, naked shorts do not need to be covered with the physical metal.

Alex Jones used PCR's bs, along with a couple of other conspiracy nuts, to make that looney claim.

It is utter bull**** and worthy of Gaffney and his wacko theories. But go ahead and pour everything you have into gold, if you haven't already.

Than I guess all I have to add is **** you

Yu should be able to check if in fact the fed is shorting gold.

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Assault On Gold Update -- Paul Craig Roberts - PaulCraigRoberts.orgwww.paulcraigroberts.org/ 2013/ 04/ 13/ assault-on-gold-update-paul-craig-roberts/ - View by Ixquick Proxy - Highlight
13 Apr 2013 ... With the Fed adding to the supply of dollars faster than the demand for dollars is ... Short sales that drive down the price trigger stop-loss orders that ... up on physical gold at the low prices made possible by the short selling.
The Fed's Assault On Gold: “Short Selling” and ... - Global Researchwww.globalresearch.ca/ the-feds-assault-on-gold-short-selling-and-the-rigging-of-the-gold-ma rket/ 5331359 - View by Ixquick Proxy - Highlight
15 Apr 2013 ... The Fed's Assault On Gold: “Short Selling” and the Rigging of the Gold ... Short sales that drive down the price trigger stop-loss orders that ...
The Assault On Gold: The Fed's Attempt to “Scare People Away ...www.globalresearch.ca/ the-assault-on-gold-the-feds-attempt-to-scare-people-away-from-gold-a nd-silver/ 5330015 - View by Ixquick Proxy - Highlight
5 Apr 2013 ... When gold prices hit $1,917.50 an ounce on August 23, 2011, ... The Federal Reserve used its dependent “banks too big to fail” to short the precious metals markets. By selling naked shorts in the paper bullion market against the rising ... the Federal Reserve was able to drive the
Federal Reserve's Attack on Gold & Silver A Warning Sign All ...www.americanfreepress.net/?p=9899 - View by Ixquick Proxy - Highlight
24 Apr 2013 ... By selling naked shorts in the paper bullion market against the rising demand ... The Federal Reserve began its April Fool's assault on gold by sending the ... Short sales that drive down the price, trigger stop-loss orders that ...
Why Is Gold Crashing? | Zero Hedgehttp://www.zerohedge.com/contributed...-gold-crashing - View by Ixquick Proxy - Highlight
15 Apr 2013 ... The selling took gold to the technically very important level of $1540 which was ... James Rickards thinks the Fed is manipulating the gold market (and every ... Short sales that drive down the price trigger stop-loss orders that ...
After Gold Crash, Experts Point to Central Bank Manipulationwww.thenewamerican.com/ economy/ markets/ item/ 15116-after-gold-crash-experts-point-to-central-bank-manipulation - View by Ixquick Proxy - Highlight
16 Apr 2013 ... “The Fed used naked shorts in the paper gold market to offset the price effect of ... Short sales that drive down the price trigger stop-loss orders that ... actual metal with which to back up the short selling, they could be met with ...
*****Gold Manipulation And Naked Short Selling Are ONE ...www.marketskeptics.com/ 2011/ 12/ gold-manipulation-and-naked-short-selling-are-one-conspiracy.html - View by Ixquick Proxy - Highlight
5 Dec 2011 ... This is often referred to as “NAKED SHORT SELLING.” Hedge funds use this tactic to flood the market with supply and drive down prices ...
Gold Crashes Most in 30 Years … What Does It Really Mean ...http://www.washingtonsblog.com/2013/...-crashing.html - View by Ixquick Proxy - Highlight
15 Apr 2013 ... Short sales that drive down the price trigger stop-loss orders that .... You know it is time to sell your gold when the Fed funds rate is 10%+ and ...
Fed's Assault On Gold Futile...Dollar Collapse Inevitable... | Economywww.beforeitsnews.com/ economy/ 2013/ 04/ feds-assault-on-gold-futile-dollar-collapse-inevitable-2509336.html - View by Ixquick Proxy - Highlight
10 Apr 2013 ... When gold prices hit $1,917.50 an ounce on August 23, 2011, a gain ... The Federal Reserve used its dependent “banks too big to fail” to short the precious metals markets. By selling naked shorts in the paper bullion market against the ... Federal Reserve was able to drive the pr
The Fed's Assault On Gold: “Short Selling” and the Rigging of the ...http://www.godlikeproductions.com/fo...age2203792/pg1 - View by Ixquick Proxy - Highlight
The Fed used naked shorts in the paper gold market to offset the price effect ... Short sales that drive down the price trigger stop-loss orders that ...
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Baja, every one of the 'Feds shorting gold' claims are either PCR or they are attributed to him. Did you read what you linked? If you did, then you'd know that the more rational of those links offer many realistic and factual causes for gold prices dropping, but none have the Feds shorting gold.

On the contrary, the run up of gold prices have been attributed to the fed and their policies.

Quote:

One of the reasons why the price of gold has been so well-bid in recent years is a direct result of the Fed’s policy — the new dollars created under so-called quantitative easing have found themselves recycled in financial markets and many of them have gone to the perceived haven of gold.

The collapse in prices has been foreshadowed by a string of bearish calls by analysts. In February Credit Suisse predicted the market had already peaked; Société Générale said the “end of the gold era” was nigh; and last week Goldman Sachs recommended investors short the metal.
.........

“Since [stocks vs. gold bottomed in 2011], the fever has begun to break,” he writes. “Washington is fractious, but not like it was in 2011. Housing, which was central to America’s national malaise, has begun to turn around for real.”

“So ultimately, the decline of gold and the rise of stocks is a big trend that everyone should cheer.”

The only 'conspiracy' is from those who totally got gold's ascent 'wrong' and are now looking for excuses to cover their asses. They never understood gold and what makes it move in the first place, they just parroted the 'end of the world' mantra.

In the wake of gold prices cratering in recent days, more than a few prominent experts have already started pinning the blame on Western central banks — especially the Federal Reserve and the European Central Bank (ECB). According to numerous analysts, the central bankers are desperate to salvage their fiat currencies and eliminate competition as "monetary authorities" continue to create ever-greater quantities of euros and dollars out of thin air.

Some experts, whistleblowers, traders, and former officials say the Fed dumped as much as 400 or even 500 tons of “paper gold” on the market — metals that it might not even have — as part of a naked short sale aimed at driving down the prices. Other analysts, especially among the establishment, pointed to the ECB chief’s recent suggestion that struggling European authorities in countries such as Cyprus would have to sell their precious metals to keep receiving bailouts.

Pity the poor gold bugs. After a terrific decade-long run up the mountain, their favourite metal has slid into a deep crevasse, all while they wait patiently for their most fervently held beliefs to come true.

Sadly, the U.S. dollar is showing no signs of collapsing, the euro is still with us and deflation remains a bigger concern than inflation in most key economies, despite the most aggressive global monetary easing in history. Not even heightened geopolitical risks thanks, to the Kim family kleptocracy, could prevent a dramatic decline that culminated Monday in the biggest one-day fall for gold in 30 years.

And when it comes to falling gold prices, conspiracy theories can’t be far behind. The current list includes Cyprus’s plan to sell off some $500-million worth of gold from its reserves – the largest bullion sale in the euro zone in four years – to meet its soaring obligations, which would quickly be followed by similar gold sales from much bigger stashes held by Italy, Portugal and other deficit-ridden members of the euro zone.

The latest theory involves a plot by the Federal Reserve and other central banks (usually at the heart of most gold conspiracies) and the big investment banks to cause panic-selling and get the general public out of the market..........................

...........So there you have it. There’s nothing fundamentally wrong with gold’s fundamentals, and there’s usually a secret plot behind every sharp decline. Rarely do we hear of a conspiracy at work when prices go in the other direction.

In the wake of gold prices cratering in recent days, more than a few prominent experts have already started pinning the blame on Western central banks — especially the Federal Reserve and the European Central Bank (ECB). According to numerous analysts, the central bankers are desperate to salvage their fiat currencies and eliminate competition as "monetary authorities" continue to create ever-greater quantities of euros and dollars out of thin air.

Some experts, whistleblowers, traders, and former officials say the Fed dumped as much as 400 or even 500 tons of “paper gold” on the market — metals that it might not even have — as part of a naked short sale aimed at driving down the prices. Other analysts, especially among the establishment, pointed to the ECB chief’s recent suggestion that struggling European authorities in countries such as Cyprus would have to sell their precious metals to keep receiving bailouts.

Economist Dr. Paul Craig Roberts, assistant treasury secretary during the Reagan administration and former editor of the Wall Street Journal, is one of many experts who argue that the recent collapse in gold and silver prices was carefully orchestrated by the Fed and a coalition of allied mega-banks. In a widely cited analysis of the recent plunge in precious metals entitled “Assault On Gold Update,” he said the U.S. central bank was “rigging all markets” — bond prices, interest rates, and of course, the bullion market.

You keep using PCR and his 'conspiracy' theories as a foundation for your argument. Didn't you predict gold prices would go off into the stratosphere because the world's economies are about to crash and currency will be worthless....or was it Gaffney....or both of you?

]All you have to do is call it a conspiracy theory and poof it's a ridiculed non story.
[/B]
If it's not from the highly controlled main stream media than it's gotta be a conspiracy theory. So willing to believe all is well.

It's what every sane analysts calls those absurd explanations to normal events. Gold prices have ALWAYS responded to people's fears about the economy and as those fears recede, so do gold prices.

What's you conspiracy theory to account for gold's run in the first place?

Curious that the latest drastic manipulation (by the Fed) of gold and silver down

occurs simultaneous with Bernanke's announcement on Thursday that the Fed will start easing back on Quantitive Easing in September --

You think these are not connected? Of course they are!

Analysis: The Fed is in deep trouble. They can't continue with QE because it is destroying the dollar. But they can't stop either because then the big banks will fail. The too big to fail banks need continuous infusions of free money from the Fed simply to stay afloat. The 2008 bail out was only the start -- it has continued ever since.

Bernanke is warning us that in September the Fed will set in motion a controlled crash. The announcement alone caused a 300 point drop in the Dow. Imagine what will happen when the QE cutbacks start.

The simultaneous manipulation of gold/silver is intended to strengthen the dollar. To maintain confidence. This manipulation is illegal -- if you or I did this we would go to prison. But the Fed does it with impunity because the SEC is controlled by the Fed.

Conclusion: buy gold now if you can find it. Get ready for the coming meltdown.
MHG

do you agree selling short futures of gold will drive prices down if the volume is large enough?

Do you know for a fact the fed is not shorting gold futures?

I don't need to, show proof they did, it's your assertion, not mine.

But I do know that if they were, it would be widely known, yet only the resident kook, PCR is the one making the claim.

Persons and institutions making 'shorts' have to be identified, they can't be anonymous or hidden, the brokerage has to know who their client is. If the Feds were 'shorting' the world would know and the investigation and impeachment would be underway. You think the Fed hating Tea Party wouldn't be all over this?

PCR is bull****ing to fit his long held conspiracy theories.....and I think you know that.

Curious that the latest drastic manipulation (by the Fed) of gold and silver down

occurs simultaneous with Bernanke's announcement on Thursday that the Fed will start easing back on Quantitive Easing in September --

You think these are not connected? Of course they are!

Analysis: The Fed is in deep trouble. They can't continue with QE because it is destroying the dollar. But they can't stop either because then the big banks will fail. The too big to fail banks need continuous infusions of free money from the Fed simply to stay afloat. The 2008 bail out was only the start -- it has continued ever since.

Bernanke is warning us that in September the Fed will set in motion a controlled crash. The announcement alone caused a 300 point drop in the Dow. Imagine what will happen when the QE cutbacks start.

The simultaneous manipulation of gold/silver is intended to strengthen the dollar. To maintain confidence. This manipulation is illegal -- if you or I did this we would go to prison. But the Fed does it with impunity because the SEC is controlled by the Fed.

Conclusion: buy gold now if you can find it. Get ready for the coming meltdown.
MHG

The resident idiot on cue. Grow a pair Gaffney, you're a p***Y at the first sign of trouble.

But I do know that if they were, it would be widely known, yet only the resident kook, PCR is the one making the claim.

Persons and institutions making 'shorts' have to be identified, they can't be anonymous or hidden, the brokerage has to know who their client is. If the Feds were 'shorting' the world would know and the investigation and impeachment would be underway. You think the Fed hating Tea Party wouldn't be all over this?

PCR is bull****ing to fit his long held conspiracy theories.....and I think you know that.

I am not invested in convincing you of anything. I don't care how you chose to invest, it's non of my business.

My position is buying gold is the play and will be until the fiat money system is dumped in favor of asset backed currencies. There will be a global reset of currencies, it is inevitable . The fiat ponzi scheme has run it predictable course. I am sure you will invest as you see fit as will I.